Examples of Newco in a sentence
In the event the Purchaser is Newco, Holders of Allowed First Lien Claims shall also be given the right of first refusal to participate in the Exit Facility, if the Required Consenting Lenders determine such facility should be entered into, on a Pro Rata basis.
In the event the Purchaser is Newco, their Pro Rata share of (a) the Newco Common Equity in accordance with the Restructuring Transaction Steps, and (b) the Takeback Debt, if applicable.
Whenever any distribution of fractional shares of Newco Common Equity would otherwise be required pursuant to the Plan, the actual distribution shall reflect a rounding down of such fraction to the nearest share or whole dollar.
The issuance and distribution, or other transfer, on the Effective Date (or as soon as reasonably practicable thereafter) of Newco Common Equity for the benefit of Holders of Allowed Claims in Class 3 in accordance with the terms of Article III of the Plan, if applicable, shall be authorized.
On November 13, 2023, Forward Air Corporation issued a press release regarding an update on the previously announced transaction with Omni Newco LLC, a Delaware limited liability company, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.